🔥🔥🔥DeFi News / 22 - 28 November - Midas.Investments. Crypto investment company blog.

Blog — Analysis — 🔥🔥🔥DeFi News / 22 – 28 November

The DeFi analytics team has prepared a summary of the DeFi market, events, and important news that happened last week.

More smart DeFi ideas and memes (of course) – Discord channel and t.me/defimr. Stay tuned!

Disclaimer: This post is for informational purposes only and should not be relied upon as a basis for investment decisions. Please do not follow any opinion as a specific strategy.

🤟 DeFi Overview

Total Value Locked (USD): $266.66b

DeFi users over time – 4,063,952 – total_users

DeFi Market Cap: $153,951,175,151

DeFi Pulse Index: $337.15

👌 L2 Solution overview

TVL: $6.71 B
+9.56% / 7 days

👾 DeFi News

Acala Network Wins Polkadot’s Parachain Slot as Auction Shifts to Next Phase.
Neon Labs Integrates Aleph.im To Surface Data on Solana’s Leading Cross-Chain DeFi Solution.

New Layer 2 Boba Leapfrogs Optimism and Races Past $1B in TVL.
Binance Seeks Investments From Sovereign Wealth Funds.

New Play-to-Earn Collective HumanDAO Announces Token Sale.
Doomsday Scenarios in DeFi Revolve Around Stablecoins USDC and USDT.

OlympusDAO mistake lets user spend $50,000 to buy $1.43 million in OHM.
Zapper Celebrating 1M Monthly Active Users, $10B Transaction Volume, and 100K Twitter Followers.

ConstitutionDAO Irks Donors as Gas Fees and Transaction Costs Eat Into Refunds.
The Story of Ethereum to Become a Movie and NFT Collection.

Reaching the summit of Olympus.
Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022.

zkSync will be the first ZK-Protocol indexed by The Graph.
Algorand Project Raises $3.6M to Make Cross-Chain DeFi Friendly for Big Investors.

🖥 Videos

The Tokenomics Episode: Why ‘EIP 1559 Is Like Catnip for Investors’ – Ep.292
Two tokenomics experts, Yan Liberman, co-founder of Delphi Digital, and Viktor Bunin, protocol specialist at Coinbase Cloud, discuss their experiences building tokens, their thoughts on the recent ENS/PSP airdrops, and what “fair” token distribution looks like.

Ethereum Abandoned, BSC run by Teenagers, & Constitution DAO rugged
Last week saw a few cracks appearing in the crypto narrative, just little signs that things might be nearing the end of sustainable growth. We’ll look at the war of words between synthetix Kain and Three Arrows Zhu Su, discontent at Binance Smart Chain and the heroic yet ultimately failed attempt by Constitution DAO to defeat Ken Griffin in a bare knuckle boxing match for the very soul of mankind itself. Oh hang on… the prompter’s wrong. It was an auction. They bid, they lost.

💵 Earning

Sunday’s yield farming pools from Defiyield
Blizz Finance / BLIZZ-AVAX – 1600% APR
Defrost Finance / MELT-AVAX – 1100% APR
Maiar DEX / EGLD-MEX – 1100% APR
Position Exchange / POSI-BUSD – 3700% APR
AlitaSwap / ALI-USDT – 3000% APR

Yeld review | FARM THEM ALL (from Moni)
- It’s farming with a leverage of 0.4.

- What’s this? It’s triple-leverage farming! The devil’s toy…

Farm up to +90% APR via Premia’s liquidity pools!
Premia is a decentralized options marketplace built on Ethereum. Through its own automated market maker (AMM) infrastructure, Premia offers “pool-to-peer” options.
Accordingly, this style simplifies the trading process for buyers and sellers. Buyers can customize their American-style options through Premia’s asset pools, while sellers serve and earn as underwriters by supplying liquidity.
In extension, every Premia asset pair gets its own call pool and put pool.
Earlier this month Premia kicked off a PREMIA liquidity mining campaign. The gist? Provide liquidity to the project’s activity liquidity pools, of which there are currently 6 (3 DAI put pools and 1 call pool each for ETH, WBTC, and LINK).
These aren’t yield pastures where you’ll have to stake LP tokens, either. Simply supply liquidity and you’ll start accruing PREMIA rewards! To join you could follow these steps:
- Navigate to the Premia Pools dashboard and connect your wallet.
- Pick the call pool or put pool you want to LP for, then press “Approve” and complete the approval transaction to let Premia use your funds.
- Now you’re ready to supply liquidity! Press “Add,” input how much money you want to deposit, and complete the deposit transaction. Once that’s done you’ll start automatically accruing PREMIA rewards.
- Keep in mind: you can find how much the pools are currently yielding by looking for the APR next to the pickaxe symbols on their deposit interfaces. The highest-yielding opportunity currently? DAI deposits to the LINK-DAI put pool, which are generating +90% APR at the moment.
- Also, note that each of these pools presently have TVL deposit caps of $5M, though these will surely be lifted in the not so distant future.
Premia has been audited, but it’s also a young project. It’s best to treat it as a risky experiment when it comes to putting your crypto into it. Do your own research, and only ever yield farm with money that you can afford to lose.